NBS official: Serbia has highest inflation rate in Europe

BELGRADE The NBS Council of the Governor Chairman Nebojsa Savic says Serbia is expected to end this year with an inflation of 13 percent. This will be followed by "an upward trend probably continuing in the first quarter of the following year", he stated on Tuesday in Belgrade. NBS official: Serbia has highest inflation rate in Europe Savic told Serbia's public broadcaster RTS that Serbia is the country with the highest inflation rate in Europe, noting this was "the greatest problem we have to tackle". Savic noted that Serbia's inflation is characterized by major fluctuations - a rise of 15 percent one year, and then a sharp decline. “In November, the inflation stood at 11.9 percent, and we expect that it will be 13 percent by the year's end. The upward trend will probably continue in the first quarter of 2013,” he underscored. Speaking about the Serian dinar's (RSD) standing against the euro, Savic said that the exchange rate will be stable in the short term, and in the medium and long terms it will depend on inflation and exports. (scx.hu, stock) RTS Tanjug

NBS official: Serbia has highest inflation rate in Europe

Savić told Serbia's public broadcaster RTS that Serbia is the country with the highest inflation rate in Europe, noting this was "the greatest problem we have to tackle".

Savić noted that Serbia's inflation is characterized by major fluctuations - a rise of 15 percent one year, and then a sharp decline.

“In November, the inflation stood at 11.9 percent, and we expect that it will be 13 percent by the year's end. The upward trend will probably continue in the first quarter of 2013,” he underscored.

Speaking about the Serian dinar's (RSD) standing against the euro, Savić said that the exchange rate will be stable in the short term, and in the medium and long terms it will depend on inflation and exports.